WHY KOREA

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The social, political and economic climate in South Korea is favorable to the growth of the startup scene. The South Korean government has spent more than $2 billion each year since 2013 and plans to invest nearly $3.7 billion in the startup industry during the next three years.
Accordingly, per capita government backing is higher in Korea than in any other country.

On top of its aims to change the financing structure of the startup ecosystem from loan-based to investment-centered, South Korea encourages the growth of the startup scene even further by endorsing tax breaks and incentives for angel investors and venture capitalists, tax benefits for mergers and acquisitions in the technology and R&D sectors, and improvements in Visa regulations for foreign startup and entrepreneurs.

Additionally, the social climate is fertile for the growth of the startup ecosystem.
Korea's college graduation rate is the highest among the OECD countries and its students have one of the best results in mathematics and sciences. Naturally, the country possesses a large group of skilled developers and engineers knowledgeable in multiple areas from gaming apps to social media innovation. More and more of these fresh, college-educated talents are starting their own business instead of walking down the well-worn path of working for one of Korea’s major corporations.

Additionally, the social climate is fertile for the growth of the startup ecosystem.
Korea's college graduation rate is the highest among the OECD countries and its students have one of the best results in mathematics and sciences. Naturally, the country possesses a large group of skilled developers and engineers knowledgeable in multiple areas from gaming apps to social media innovation. More and more of these fresh, college-educated talents are starting their own business instead of walking down the well-worn path of working for one of Korea’s major corporations.